EY is being investigated by the FRC over its audit of Computer 2000 Distribution Limited (C2000) after the accounting watchdog extended the scope of its investigation to include the conduct of the firm.
The FRC said it extended its investigation to include the preparation and approval of the financial information of C2000 for the years ended 31 January 2009 to 31 January 2013, and the conduct and audit work carried out by EY over the period.
In May, the FRC launched an investigation into C2000 following an independent investigation into its accounting practices across Europe carried out by parent Tech Data earlier in the year.
The probe came more than a year after Tech Data first announced it had uncovered “accounting improprieties” relating to its UK business, leading it to wipe $25m (£15m) off its previously reported net profits.
EY declined to comment.
The application of robotics in finance functions is moving faster than predicted. Although, companies are cautious in how they are applying artificial intelligence to ensure results first, many are stepping up their investigations
EU competition commissioner Margrethe Vestager has defended the decision to order technology giant Apple to pay €13bn (£11bn) in back taxes to the Irish government
Carillion has announced the appointment of a new finance director as it reported a rise in first half profits and sales led by strong growth in its support services business
The UK inflation rate hit its highest level in almost two years in July, suggesting that the sharp fall in sterling following the UK referendum to leave the European Union is forcing prices up